Nitrile gloves ASP should bottom in the next 3-6 months at between USD25-USD30 level. We believe that ASP should bottom soon. Firstly, major glove producers have slowed down their expansion in the past 3 months. Secondly, there is sign that inefficient players have started to make loss. For example, Blue Sail Medical have registered net loss of RMB22.9m in 3Q2021 which we believe is due to the decline in ASP for gloves. Note that Blue Sail Medical is a major China gloves producer with estimated 5% market share of global medical gloves supply. Coupled with the scarcity of power supply in China as winter approach, we expect less competition from China at current low level of ASP at below USD35 per 1,000 pieces of nitrile gloves.
Global covid 19 is fierce triple attacking , Jerman break one day 50k cases , Yugoslavia covid crisis is getting serious , any moment SHUT DOWN , CLOSE COUNTRY .
Today rubber glove play but it is going to be a one day only event as usual. Note that rubber glove production is in severe excess globally. However, a good opportunity for those who want to exit... Maybe next week could be Vaccine counters.
Held my unrealized losses for many weeks & sold back all to breakeven finally. I won't buy glove stocks anymore but will shift to other recovery stocks. Good luck to all who still stuck here. Good luck!
For now, sorry to said, near impossible to go back above 4 to 5 time......unless you reenter back with a large volume now with optimistic this will fly pass 3......
his is the last time to trap bilis kaw kaw ! I already kena in jun 21 , 50% gone ! Never touch glove stock again , dont even look at glove stock ! Beware this is a big trap ! Repeat many time already before this !
Company announced SBB but unfortunately SBB may not always work especially if bankers keep doing RSS on the contrary. Look at Rubberex - they have been doing SBB aggressively for the last few weeks but prices kept going lower and lower !!!
RSS 2.46% can only short for another 1.54% limit at 4% only. provided supply not dry up lah. So far only shorted up to 3% 250mil shates sudah dry up. No supply anymore kah. See who strong lah. Tan Sri can teach them or not. Your name now is at the lowest level as many see you not be able to bring TG share price up leh. Worst stock in bursa this year leh. Boleh?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
UlarSawa
35,552 posts
Posted by UlarSawa > 2021-11-12 10:29 | Report Abuse
Tiger macai working very hard. Your paymaster lose the underwear shorting ke. Correct?
SinGor You pay RM 10 for 3mins strip show...better locked your eyes on target, it will be over soon
12/11/2021 10:25 AM